Telit, a global enabler of the Internet of Things (IoT), entered on Wednesday into a multi-faceted collaboration with Tech Mahindra on developing complete solutions for testing connected market segment. The relationship is centered on combining and integrating Telit’s line of IoT products and services with Tech Mahindra’s system integration expertise and strengths in developing end-to-end enterprise solutions.
With a growing number of companies exploring how the IoT can help them improve operational efficiencies and drive new business models, many – especially large multinational enterprises – remain intimidated by having to put all the pieces together by themselves.
Telit and Tech Mahindra are jointly addressing these concerns by offering clients complete end-to-end solutions such as IoT solution consulting, solution development and operations that reduce the complexity, risk, cost and time to market versus trying to develop a custom project in house. Under its vast system integration and IT consultancy services, Tech Mahindra’s IoT experts have been fully trained and certified in designing end-to-end solutions around Telit IoT modules, connectivity and cloud-based platforms.
Both companies are also jointly pursuing new business opportunities across many markets and industries, such as IoT horizontal and industrial IoT globally. Additionally, Telit has reached an agreement to outsource related engineering development and testing activities to Tech Mahindra.
The two companies are already engaged in several industrial customer projects together, including a global heavy equipment company. Their joint capabilities can be applied to any company seeking to transform its business model with IoT enabled real-time remote machine monitoring and control, production diagnostics, predictive maintenance, or asset tracking solutions.
“Tech Mahindra and Telit are each strategically focused on capitalizing on the exponential growth across many IoT verticals and together we are positioned to grow at a pace greater than or equal to the industry,” said Karthikeyan Natarajan, senior vice president & global head of engineering services at Tech Mahindra. “This collaboration will address the broad IoT solutions with particular emphasis on the industrial internet and Industry 4.0 programs of our manufacturing customers across Automotive, Aerospace, Medical, discrete and hi-tech manufacturing verticals.”
“Telit is very excited about this collaboration with Tech Mahindra, resulting in far-reaching technical and business synergies that offer a new way for companies to onboard to the Internet of Things,” commented Fred Yentz, CEO of Telit IoT Platforms. “Together we can help organizations transform their business with end-to-end IoT solutions – from ideation generation, to system architecture, proof of concept development and full commercial deployments that are integrated with their existing enterprise systems.”